VOL. XXXVIII

NO. 15

9 JANUARY 1995

Oil Prices

Nigeria Increases January Prices By 4-10 Cents/B

Nigeria has raised the price formulas of its January crudes by 4-10 Cents/B.Pennington was increased by $0.10/B, while Bonny Light, Brass River, andEscravos were each put up by $0.09/B. Forcados and Bonny Medium were increasedby $0.04/B and Qua Iboe remained unchanged at parity with Dated Brent. Thefollowing table shows the adjustment factors for Nigerian crude oils in relationto Dated Brent for January...